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Price hike plans dip among German firms in February 2024

01 Mar '24
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • German companies are less inclined to raise prices, with ifo price expectations falling to 15 points in February 2024 from 18.8 in January 2024.
  • The country's consumer sectors saw a drop from 32.4 to 28.9 points, while the retail sector rose slightly to 29.8.
  • Manufacturing price plans slightly increased to 4.9 points from 4.3 points in February.
In a notable shift, fewer companies in Germany are planning to increase their prices, according to the latest survey from the ifo Institute. The ifo price expectations for February have seen a decrease to 15 points, down from 18.8 points in January, indicating a cooling in the inclination towards raising prices across various sectors.

The downtrend in price expectations is particularly pronounced in consumer-related sectors, where the figures dropped from 32.4 points to 28.9 points.  In the retail sector, there is a slight upward movement in price expectations, from 28.8 points to 29.8 points.

The manufacturing sector presents a mixed picture, with only a small majority of companies surveyed indicating plans to hike their prices. Here, price expectations have marginally increased to 4.9 points from 4.3 points.

ALCHEMPro News Desk (DP)
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